Tata Motors Q2 net falls by 15%

Tata Motors, an Indian multinational automobile company reported a 15% fall in net profit in its financial results for the second quarter ended September 30.

The company's consolidated net profit has been declined to Rs 1,877 crore during the quarter against Rs 2,223 crore reported a year ago.

The consolidated net revenues of the company rose by 27% to Rs 35,940 crore against Rs 28,310 crore corresponding quarter previous year.

The company's EBITDA stood at 7.2% during the quarter against 10% reported a year ago.

Lower volumes in the passenger car business, higher marketing spends and overall cost pressures, including commodity price increase, resulted in a reduction in the operating margins, the company said in a statement.